Rieber Shipping Readies For Polar Prince's Arrival

The new multi-purpose subsea support/ROV vessel, Polar Prince, was delivered last July to Rieber Shipping A/S as managing owners for the owning company Polar Holding ASA. Constructed by Flekkefjord Slipp & Maskinfabrikk; Flekkefjord, Norway, who has an additional order by Rieber for a sistership to be delivered later this year, the price for each vessel is $44 million. Chartered by Sonsub International, Polar Prince exemplifies the latest technology in the market for specialized subsea - support vessels. In addition to Sonsub installations onboard, the vessel's size, design and capabilities allow it to operate under severe North Sea conditions and worldwide deepwater tasks.